Abstract:
³&RUSRUDWH6RFLDO5HVSRQVLELOLW\ &65) reporting originated from a growing stakeholder
awareness of the role of business entity in the society. It is a voluntary form of selfregulation that aims to undertake everything from human rights and labour standards to
limiting carbon dioxide emissions that lead to climate changes (Doane, 2004).
There are number of studies which emphasize the development of CSR reporting
worldwide (Boesso & Kumar, 2006; Enquist, Johnson & Skalan, 2006; Nielsen &
Thomsen, 2007; Ratanajongkol & Low, 2006; Slater & Gilbert, 2004; Tilling & Tilt,
2009). World Bank Report (2004) reveals that SHUFHQW RI WKH ZRUOG¶V ODUJHVW ILUPV
produce some form of non-financial report, compared to 35 percent level of these firms in
1999. Ratanajongkol & Low (2006) found that in 1993, 13 percent of the top 100 firms in
the world produce health, safety, or environmental report. By 1996, that number had risen
to 17 percent, in 1999, 24 percent of firms produced CSR or Sustainability Reports, and by
2002, it was 28 percent
